The Relative Strength Index (RSI) is a popular technical analysis indicator used by traders to identify overbought or oversold conditions in the market. The RSI can also be used to identify potential trend reversals, continuations, and divergences. In this article, thedailynewspapers we will discuss how to use the RSI divergence indicator in forex trading. The RSI is typically displayed as a line graph on a scale of 0 to 100. Traditionally, an RSI reading of 70 or above indicates an overbought situation. Understanding the RSI Indicator The RSI indicator was developed by J. Welles Wilder Jr. and first introduced in…
